FOR IMMEDIATE RELEASE
MONTREAL, QC, May 4, 2021 (Press Release) – Numera today released the latest update of its Global Retail Sales Tracker, which suggests that global retail spending rebounded strongly in March after stalling between October and February.
Worldwide retail spending likely expanded 4.8% in March, buoyed by exceptionally strong demand for goods in the US. With last month’s gain, global retail spending is now about 3% below its pre-COVID path.
We expect the gap to shrink further over the next few months, on the back of strong consumption growth in North America and Western Europe. Accelerating vaccine rollouts are lifting away-from-home (AfH) traffic, increasing the upside for sales at brick-and-mortar stores.